Stellantis N.V. 

Stellantis NV engages in the design, manufacture, distribution, and sale of vehicles. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall brands. It operates through the following segments: North America, South America, Enlarged Europe, Middle East and Africa, and China, India and Asia Pacific. The company is headquartered in Hoofddorp, the Netherlands.

Earnings data Q3 2024

Stellantis NV engages in the design, manufacture, distribution, and sale of vehicles. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall brands. The company was founded on April 01, 2014 and is headquartered in Hoofddorp, the Netherlands.

Stellantis reported a 10% annual decline in adjusted operating profit in the second half of 2023, as six-week strikes at the "Detroit Three" automakers hampered production.

Jeep, Dodge-maker Stellantis' profit slides as Detroit Three strikes bite

Shares in Renault hit two-month highs and rival Stellantis shot to record highs on Thursday after the carmakers pledged to reward investors with a big jump in annual dividend and a share buyback worth billions of euros.

Renault, Stellantis shares rally as investors cheer cash haul

Amazon

Alibaba

Citigroup

Alphabet

JD.com

NVIDIA

Oracle

Given his generally bearish attitude and ability to see movements few others can, most dramatically demonstrated with ‘The Big Short' in the context of the 2008 crash, new 13-F filings by Michael Burry and Scion Asset Management are always exciting to see.

Here's Michael Burry's updated portfolio

Stellantis Approves Share Buyback Program AMSTERDAM, February 15, 2024 – The Stellantis Board of Directors approved a share buyback program of up to €3 billion (total purchase price excluding ancillary costs) to be executed on the market. The Company intends to cancel the common shares acquired through the share buyback program apart from a portion of up to €0.5 billion, which may be used to service share-based compensation and employee stock purchase plans.

Stellantis Approves Share Buyback Program

Variable pay and profit-sharing* packages reflect 2023 global financial results and performance of each country in their respective demanding and competitive contexts

Stellantis Employees Rewarded Nearly €1.9 Billion Worldwide for 2023 Performance, Totaling €6 Billion Since Company Creation

Stellantis said it would launch a buyback of €3 billion after it posted an adjusted operating income slightly ahead of views for 2023, and added demand would be high but named pricing, labor costs, and an unpredictable EV market as headwinds for the year ahead.

Stellantis Launches Buyback After Record Year

Stellantis said on Thursday its operating profit fell 10% in the second half of last year when six-week strikes at the 'Detroit Three' automakers caused long stoppages at the group's operations in North America, its profit powerhouse.

Stellantis operating profit down 10% in H2 due to N. America strikes

Carmaker Stellantis halted production in Russia in April 2022.

Exclusive: Russians use Chinese partner to produce Citroen cars at idled Stellantis plant

Stellantis Delivers Record Net Revenues, Net Profit, Industrial Free Cash Flows for Full Year 2023 Net revenues of €189.5 billion, up 6% compared to 2022, with consolidated shipment volumes increasing 7% Net profit grew 11% to €18.6 billion. Adjusted operating income (1) rose 1% to €24.3 billion, with AOI margin of 12.8% Industrial free cash flows (2) of €12.9 billion, an increase of 19% compared to 2022 Strong balance sheet, with Industrial available liquidity at €61.1 billion LEV sales up 27% in 2023, with PHEVs at #1 in U.S. and #2 for LEVs in U.S. (3) ; 21% increase in global BEV sales in 2023 Returned €6.6 billion in cash to shareholders in 2023 through dividends and share buybacks, an increase of 53% compared to €4.3 billion in 2022 Dividend proposed of €1.55 per common share, increase of approximately 16% compared to prior year, pending shareholder approval Annou ncing 2024 open market share buyback program of €3.0 billion “As we just passed the three-year mark since Stellantis' inception, I warmly thank our teams who are executing at the highest levels and contributing greatly to our growth story, even in the strongest of headwinds.

Stellantis Delivers Record Net Revenues, Net Profit, Industrial Free Cash Flows for Full Year 2023

AUBURN HILLS, Mich. , Feb. 14, 2024 /PRNewswire/ -- Newly expanded website includes search by part number or vehicle fitment, dealer locator, region selection tool for U.S., Canada and Mexico and much more  Proven second-line brand of high-quality aftermarket parts costs less than original-equipment (OE) offerings and are backed by a standard two-year/unlimited-mile warranty  Reliable bproauto parts are designed for optimal performance on most makes and models from old to new, domestic to import  See bproautoparts.com or contact a local Chrysler, Dodge, Jeep®, Ram or FIAT dealership for more information  bproauto parts line complements Mopar, the global original-equipment parts and authentic accessories brand for Stellantis  Mopar remains global OE parts and authentic accessories brand for Stellantis  Launch of bproauto helps address a key pillar outlined in the Stellantis Dare Forward 2030 strategic plan — to grow sales in the independent aftermarket  bproauto, the new aftermarket parts brand of Stellantis, today announced the launch of its newly expanded website bproautoparts.com.

bproauto Aftermarket Parts Brand Launches Revised bproautoparts.com

Italy has been working for months to attract another carmaker to the country alongside Fiat-owner Stellantis , Industry Minister Adolfo Urso said on Wednesday.

Italy working to bring in another carmaker besides Stellantis

Lancia on Wednesday revealed its new Ypsilon compact car, the first of three new models promised by the premium brand as part of a multi-year relaunch plan under which it will again sell vehicles outside its Italian home market.

Stellantis' Lancia unveils fully electric Ypsilon for new push outside Italy

AUBURN HILLS, Mich., Feb. 14, 2024 /PRNewswire/ --  All-new Fiat 500e, Stellantis' first BEV offering in North America, awarded 2024 Urban Green Car of the Year by Green Car Journal 42-kWh lithium-ion battery delivers a combined estimated electric range of 149 miles Every 2024 FIAT 500e comes with a Level 2 charging wall unit or public charging credits through Free2move Charge At just over 3,000 pounds, the Fiat 500e is the lightest passenger BEV in the segment Fiat 500e is most awarded FIAT ever Pricing for all-new 2024 Fiat 500e starts at $32,500, customers choosing to lease the Fiat 500e can take advantage of a $7,500 federal EV tax credit Green Car Journal has named the Fiat 500e 2024 Urban Green Car of the Year.

Fiat 500e Named 2024 Urban Green Car of the Year by Green Car Journal

Tesla

Stellantis' switch solidifies the future of NACS in America and puts an expiration date on the current CCS standard.

Stellantis Adopting Tesla's Electric Vehicle Charging Standard by 2025

Update: Stellantis Will Post Full Year 2023 Results at a New Time on February 15 AMSTERDAM, February 13, 2024 - Stellantis N.V. announced today that its Full Year 2023 Results press release and presentation material are now expected to be posted under the Investors section of the Stellantis corporate website at www.stellantis.com at 7:30 a.m.

Update: Stellantis Will Post Full Year 2023 Results at a New Time on February 15

AUBURN HILLS, Mich., Feb. 13, 2024 /PRNewswire/ --  Chrysler Halcyon Concept exemplifies Chrysler's fully electrified future vision that embraces sustainable design and full autonomy paired with personalized driving experiences Chrysler Halcyon Concept integrates complementary STLA Brain, STLA SmartCockpit and STLA AutoDrive technologies to achieve "Harmony in Motion" Halcyon Concept's combination of seamless technology and battery-electric performance are harmoniously complemented by a pure, streamlined exterior design statement that balances aerodynamic and sculptural elements Halcyon Concept's dramatic proportions create a low-to-the-ground profile with a front air blade aerodynamic pass-through that enhances performance and all-important BEV range capability Butterfly-hinged canopy and red-carpet-style side doors work in symphony to create an open-air feel and provide easy access in and out of the vehicle Chrysler Halcyon Concept uses 95% sustainable interior materials, including Chrysler wing logos constructed from crushed and recycled music CDs Rear seats retract into trunk area to showcase future vision of Stow 'n Go seating In Prepare Mode, Stellantis AI assistant preps Chrysler Halcyon Concept, using an Intelligent Cabin Comfort feature to set HVAC levels, and uses predictive navigation for real-time traffic routing Concept's Welcome/Entry Mode uses biometric identification to greet the driver with LED exterior lighting animation, personalized exterior sound features and a greeting on interior screens Personalized vehicle cymatics – sounds and vibrations mirrored through visuals – help to set the mood of the vehicle, sharing calming or energetic sounds based on driver presets Different sound frequencies prompt corresponding particle shapes on console screen — calming frequencies create dispersed particle patterns, while dynamic sounds deliver energetic shapes Chrysler Halcyon Concept includes STLA AutoDrive technology platform, enabling Level 4 autonomous driving experiences such as a dimmable glass canopy and windshield that can turn opaque with seats laid back for a unique augmented-reality Stargazing Mode Drivers can use voice recognition to deploy steering wheel and control the vehicle to experience dynamic driving excitement through customized EV drive modes Chrysler Halcyon Concept showcases innovative Dynamic Wireless Power Transfer (DWPT) technology to wirelessly recharge vehicle as it travels, allowing for unlimited range Chrysler Halcyon Concept incorporates 800V lithium-sulfur EV batteries, resulting in an estimated 60% lower carbon footprint than today's best-in-class batteries Reveal of Chrysler Halcyon Concept can be viewed online at chrysler.com Chrysler today unveiled the Chrysler Halcyon Concept, exemplifying a fully electrified future of the Chrysler brand that embraces sustainability-driven exterior and interior design, full autonomy paired with personalized driving experiences and futuristic technology that expands on the brand's "Harmony in Motion" ethos of customer-focused seamless connectivity.

Chrysler Halcyon Concept Pushes Innovative Boundaries, Offers Forward-looking Vision of Brand's All-electric Future

Stellantis said on Monday it will invest 103 million euros ($111.02 million) at its Szentgotthard facility in Hungary to increase production capacity of electric drive modules that will help the automaker grow its electric-vehicle portfolio.

Stellantis to invest $111 mln in Hungary facility to produce electric drive modules

Stellantis Increasing Production of Electric Drive Modules to Support Growth in Electrification Portfolio Stellantis is growing its electrified propulsion manufacturing footprint with EDM production in Tremery-Metz, France, Kokomo, Indiana, USA and Szentgotthard, Hungary; along with electrified dual-clutch transmissions (eDCTs) at Mirafiori complex, Italy Addition of Szentgotthard plant in Hungary with a €103 million investment supports the ongoing transformation of the Company's manufacturing sites to achieve core electrification objectives of the Dare Forward 2030 strategic plan AMSTERDAM, February 12, 2024 – Stellantis N.V. today announced it intends to increase production capacity of electric drive modules (EDMs) by adding production in Szentgotthard, Hungary, targeted to begin in late 2026.

Stellantis Increasing Production of Electric Drive Modules to Support Growth in Electrification Portfolio

Stellantis, the parent company of brands like Jeep and Chrysler, announced it will adopt Tesla's North American Charging Standard (NACS). It is the last major Western automaker to announce compatibility, meaning Tesla's push to make its EV charging standard the dominant one in North America is essentially complete.

Jeep-maker Stellantis to adopt Tesla's charging port

AUBURN HILLS, Mich., Feb. 12, 2024 /PRNewswire/ -- Chrysler is releasing a final teaser previewing a new, electrified concept car that offers a combination of seamless technology and battery-electric performance working in harmony with pure, streamlined, sustainability-inspired design.

Chrysler Shares Final Teaser of New, Electrified Concept Car, Reveal Set for Feb. 13

AUBURN HILLS, Mich. , Feb. 12, 2024 /PRNewswire/ -- Battery-electric vehicles (BEVs) from Stellantis brands in North America will adopt the proposed SAE J3400 connector, starting with select models in 2025 During the transition period, Stellantis will also make adapters available for vehicles fitted with the Combined Charging System (CCS) port, enabling drivers to access a growing private and public J3400 infrastructure to meet J3400/1 requirements still being developed this year Builds upon IONNA charging network joint venture announced by Stellantis and six other major global automakers targeting to install at least 30,000 high-powered charge points in North America urban and highway locations by 2030, where Stellantis customers will be able to charge natively with J3400 and CCS Expands charging options for Stellantis customers and helps the company fulfill the ambitions of its Dare Forward 2030 strategy, including to become a carbon net-zero corporation by 2038 Stellantis today announced its adoption of the upcoming SAE J3400 charging connector, starting with select battery-electric vehicle (BEV) models launching in North America for the 2026 model year.

Stellantis to Expand Electric-vehicle Charging Options in North America With Adoption of Proposed SAE Standard J3400 Connector

Hudson Pacific Properties

iShares PHLX Semiconductor ETF

Michael Burry, the medical doctor turned successful investor, made a name for himself in 2008 when he correctly predicted the crisis and shorted the U.S. housing market.

Will Michael Burry shock the market again? Predictions for upcoming 13F filings

Automotive Cells Company (ACC), the European auto battery manufacturer backed by Stellantis, Mercedes, and TotalEnergies, has finalised a finance agreement for establishing three gigafactories across France, Germany, and Italy. With a bank loan of €4.4 billion out of the total €7 billion needed, this marks one of the largest debt fundraising efforts in Europe's automotive sector.

Stellantis-backed ACC gets funding for European gigafactories

A recent war of words between Italian Prime Minister Giorgia Meloni and Stellantis CEO Carlos Tavares has exposed a tough new reality: Europe's one-time homegrown national automakers have become global players ready to exploit the EU's overcapacity of car factories to obtain better government deals.

Focus: Stellantis uses surplus plants in Europe as leverage in a fight with Rome

Stellantis (STLA) concluded the recent trading session at $24.41, signifying a +1.5% move from its prior day's close.

News for Stellantis N.V. Stock (STLA)